Stock Yards Bancorp Management

Management criteria checks 4/4

Stock Yards Bancorp's CEO is Ja Hillebrand, appointed in Oct 2018, has a tenure of 16.25 years. total yearly compensation is $1.56M, comprised of 49.7% salary and 50.3% bonuses, including company stock and options. directly owns 0.44% of the company’s shares, worth €7.06M. The average tenure of the management team and the board of directors is 6 years and 6.5 years respectively.

Key information

Ja Hillebrand

Chief executive officer

US$1.6m

Total compensation

CEO salary percentage	49.7%
CEO tenure	6yrs
CEO ownership	0.4%
Management average tenure	6yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ja Hillebrand's remuneration changed compared to Stock Yards Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$105m
Mar 31 2024	n/a	n/a	US$105m
Dec 31 2023	US$2m	US$775k	US$108m
Sep 30 2023	n/a	n/a	US$114m
Jun 30 2023	n/a	n/a	US$115m
Mar 31 2023	n/a	n/a	US$114m
Dec 31 2022	US$2m	US$710k	US$93m
Sep 30 2022	n/a	n/a	US$88m
Jun 30 2022	n/a	n/a	US$82m
Mar 31 2022	n/a	n/a	US$60m
Dec 31 2021	US$2m	US$560k	US$75m
Sep 30 2021	n/a	n/a	US$68m
Jun 30 2021	n/a	n/a	US$59m
Mar 31 2021	n/a	n/a	US$68m
Dec 31 2020	US$1m	US$560k	US$59m
Sep 30 2020	n/a	n/a	US$58m
Jun 30 2020	n/a	n/a	US$60m
Mar 31 2020	n/a	n/a	US$64m
Dec 31 2019	US$1m	US$540k	US$66m
Sep 30 2019	n/a	n/a	US$64m
Jun 30 2019	n/a	n/a	US$61m
Mar 31 2019	n/a	n/a	US$58m
Dec 31 2018	US$1m	US$444k	US$56m
Sep 30 2018	n/a	n/a	US$46m
Jun 30 2018	n/a	n/a	US$44m
Mar 31 2018	n/a	n/a	US$41m
Dec 31 2017	US$851k	US$400k	US$38m

Compensation vs Market: Ja's total compensation ($USD1.56M) is about average for companies of similar size in the German market ($USD1.66M).

Compensation vs Earnings: Ja's compensation has been consistent with company performance over the past year.

CEO

Ja Hillebrand (56 yo)

6yrs

Tenure

US$1,560,517

Compensation

Mr. James A. Hillebrand, also known as Ja, has been Chairman of Stock Yards Bancorp, Inc. and Stock Yards Bank & Trust Company since January 1, 2021. Mr. Hillebrand has been Chief Executive Officer of Stoc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Hillebrand	CEO & Chairman of the Board	6yrs	US$1.56m	0.44% $ 7.1m
Philip Poindexter	President & Director	6yrs	US$933.78k	0.22% $ 3.6m
T. Stinnett	Executive VP	5.5yrs	US$772.61k	0.25% $ 4.0m
Michael Rehm	Executive VP and Chief Lending Officer of Stock Yards Bank & Trust Company	6yrs	US$689.77k	0.065% $ 1.0m
Michael Newton	Senior VP & Principal Accounting Officer	5.9yrs	no data	0.011% $ 171.0k
C. Bradley	General Counsel	no data	no data	no data
Stephen Brown	Market President of Cincinnati/NKY	17.3yrs	no data	no data
William Dishman	Executive VP & Chief Risk Officer of Stock Yards Bank & Trust Company	15.7yrs	US$616.21k	0.15% $ 2.5m
Michael Croce	Executive VP & Director of Retail Banking of Stock Yards Bank & Trust Company	10.3yrs	no data	0.12% $ 1.9m
Paula Moan	Market President of Indianapolis	no data	no data	no data
Shannon Budnick	Executive VP and Director of Wealth Management & Trust Group	less than a year	no data	0.028% $ 440.3k

6.0yrs

Average Tenure

57yo

Average Age

Experienced Management: S4Y's management team is seasoned and experienced (6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Hillebrand	CEO & Chairman of the Board	16.3yrs	US$1.56m	0.44% $ 7.1m
Philip Poindexter	President & Director	2.8yrs	US$933.78k	0.22% $ 3.6m
Richard Lechleiter	Independent Director	17.4yrs	US$128.71k	0.016% $ 255.6k
David Heintzman	Independent Director	32.8yrs	US$208.65k	0.46% $ 7.4m
Carl Herde	Independent Director	19.8yrs	US$129.33k	0.039% $ 620.5k
Edwin Saunier	Independent Director	3.3yrs	US$117.73k	0.018% $ 291.6k
John Schutte	Independent Director	6.3yrs	US$115.53k	0.28% $ 4.4m
Stephen Priebe	Lead Independent Director	12.2yrs	US$137.73k	0.014% $ 220.3k
Shannon Arvin	Independent Director	3.3yrs	US$111.48k	0.013% $ 206.5k
Paul Bickel	Independent Director	6.8yrs	US$115.13k	0.069% $ 1.1m
Allison Donovan	Independent Director	1.9yrs	US$113.73k	0.00085% $ 13.5k
Laura Wells	Independent Director	2.4yrs	US$112.91k	0.062% $ 986.2k

6.5yrs

Average Tenure

61yo

Average Age

Experienced Board: S4Y's board of directors are considered experienced (6.5 years average tenure).

Stock Yards Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

Independent Director recently sold €344k worth of stock

High number of new directors

Stock Yards Bancorp, Inc., Annual General Meeting, Apr 25, 2024

CEO & Chairman of the Board recently sold €261k worth of stock

Senior Executive VP & Director recently sold €209k worth of stock

Stock Yards Bancorp, Inc. Announces Management Changes

Recent updates

Upcoming dividend of US$0.31 per share

Second quarter dividend of US$0.31 announced

Stock Yards Bancorp, Inc. Announces Dividend, Payable on October 1, 2024

Independent Director recently sold €344k worth of stock

Second quarter 2024 earnings released: EPS: US$0.94 (vs US$0.95 in 2Q 2023)

Investor sentiment improves as stock rises 16%

Stock Yards Bancorp, Inc.(NasdaqGS:SYBT) dropped from Russell 2000 Growth-Defensive Index

Upcoming dividend of US$0.30 per share

First quarter dividend of US$0.30 announced

Stock Yards Bancorp Declares Quarterly Cash Dividend, Payable on July 1, 2024

First quarter 2024 earnings released: EPS: US$0.89 (vs US$1.00 in 1Q 2023)

High number of new directors

Stock Yards Bancorp, Inc., Annual General Meeting, Apr 25, 2024

Upcoming dividend of US$0.30 per share

Full year 2023 earnings released: EPS: US$3.69 (vs US$3.24 in FY 2022)

Fourth quarter dividend of US$0.30 announced

Stock Yards Bancorp Declares Quarterly Cash Dividend, Payable on April 1, 2024

Full year 2023 earnings released: EPS: US$3.69 (vs US$3.24 in FY 2022)

Stock Yards Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

CEO & Chairman of the Board recently sold €261k worth of stock

Upcoming dividend of US$0.30 per share at 2.5% yield

Stock Yards Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on December 29, 2023

Senior Executive VP & Director recently sold €209k worth of stock

Third quarter 2023 earnings released: EPS: US$0.93 (vs US$0.98 in 3Q 2022)

Upcoming dividend of US$0.30 per share at 2.7% yield

Stock Yards Bancorp, Inc. Announces Management Changes

Second quarter 2023 earnings released: EPS: US$0.95 (vs US$0.92 in 2Q 2022)

Stock Yards Bancorp, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Upcoming dividend of US$0.29 per share at 2.4% yield

Investor sentiment improves as stock rises 16%

Stock Yards Bancorp Declares Quarterly Cash Dividend, Payable on July 3, 2023

First quarter 2023 earnings released: EPS: US$1.00 (vs US$0.29 in 1Q 2022)

Upcoming dividend of US$0.29 per share at 2.2% yield

Full year 2022 earnings released: EPS: US$3.24 (vs US$3.00 in FY 2021)

Full year 2022 earnings released: EPS: US$3.24 (vs US$3.00 in FY 2021)

Now 23% undervalued after recent price drop

Upcoming dividend of US$0.29 per share

Independent Director recently bought €61k worth of stock

Stock Yards Bancorp Declares Quarterly Cash Dividend, Payable on December 30, 2022

Director recently sold €128k worth of stock

Stock Yards Bancorp Names Allison J. Donovan to the Boards of Directors of the Company and Stock Yards Bank & Trust

Now 21% undervalued

Independent Director recently sold €78k worth of stock

Third quarter 2022 earnings released: EPS: US$0.98 (vs US$0.88 in 3Q 2021)

Upcoming dividend of US$0.29 per share

Stock Yards Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on October 3, 2022

Director recently sold €67k worth of stock

Director recently sold €366k worth of stock

Second quarter 2022 earnings released: EPS: US$0.92 (vs US$0.17 in 2Q 2021)

President & Director recently sold €180k worth of stock

Stock Yards Bancorp, Inc.(NasdaqGS:SYBT) dropped from Russell 3000E Index

Upcoming dividend of US$0.28 per share

Director recently sold €280k worth of stock

Director recently sold €388k worth of stock

Stock Yards Bancorp, Inc. Elects Laura L. Wells to the Boards of Directors

Stock Yards Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on July 1, 2022

First quarter 2022 earnings released: EPS: US$0.29 (vs US$1.00 in 1Q 2021)

Upcoming dividend of US$0.28 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Stock Yards Bancorp, Inc., Annual General Meeting, Apr 28, 2022

Stock Yards Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on April 1, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Senior EVP & Director recently sold €92k worth of stock

Director recently sold €569k worth of stock

Third quarter 2021 earnings released: EPS US$0.87 (vs US$0.64 in 3Q 2020)

Third quarter 2021 earnings released: EPS US$0.87 (vs US$0.64 in 3Q 2020)

Director recently sold €231k worth of stock

President recently sold €165k worth of stock

Stock Yards Bancorp, Inc. (NasdaqGS:SYBT) signed an agreement to acquire Commonwealth Bancshares, Inc. for approximately $150 million.